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Expense Ratio Expense Ratio - Total Annual Fund Operating Expenses - Total percentage of fund assets used for administrative, management, advertising (12b-1), and all other expenses. An expense ratio of 1% per annum means that each year 1% of the fund's total assets will be used to cover expenses. The expense ratio does not include sales loads or brokerage commissions.Expense ratios are important to consider when choosing a fund, as they can significantly affect returns. |
